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15 Results Found
  • Saral Pension: Standardised annuity for retirement income, but taxation hurts returns Jun 11, 2021 09:28 AM IST

    Saral Pension: Standardised annuity for retirement income, but taxation hurts returns

    The standardised pension product offered by insurers will have common features. Returns, however, will vary

  • Coming from April, IRDAI's standard Pension plan: Should you invest in it? Jan 29, 2021 10:01 AM IST

    Coming from April, IRDAI's standard Pension plan: Should you invest in it?

    The insurance regulator has mandated yet another standard product, this time in the pension space. Find out if it deserves a place in your retirement portfolio.

  • Our term insurance premiums not costly, private firms’ rates were unsustainable: LIC Jun 18, 2020 11:12 AM IST

    Our term insurance premiums not costly, private firms’ rates were unsustainable: LIC

    LIC’s term products launched last year, with lower premiums, could be the cheapest ones available in the market

  • We are looking at increasing NPS fund management charges: PFRDA Chairman Mar 12, 2020 09:03 AM IST

    We are looking at increasing NPS fund management charges: PFRDA Chairman

    More pension fund managers could enter the fray.

  • Tax benefits that come with investing in the NPS Jan 31, 2020 08:57 AM IST

    Tax benefits that come with investing in the NPS

    Given the importance being accorded to the NPS by the central government, it is likely that its structure will only get friendlier in the future

  • How annuity payouts work Jan 09, 2020 08:35 AM IST

    How annuity payouts work

    Annuity income is taxable and returns tend to be lacklustre

  • Investing in the NPS alone may not suffice for your retirement Dec 31, 2019 08:56 AM IST

    Investing in the NPS alone may not suffice for your retirement

    It should only be a part of one’s overall retirement portfolio

  • Life Insurance wrap 2019: Regulator IRDA steps in to enhance product features, makes them customer-friendly Dec 19, 2019 08:47 AM IST

    Life Insurance wrap 2019: Regulator IRDA steps in to enhance product features, makes them customer-friendly

    Though the changes have been announced, clarifications on the taxation limits need clarity from the 2020 Union Budget.

  • The multiple tax benefits of the national pension system Sep 25, 2019 10:34 AM IST

    The multiple tax benefits of the national pension system

    The Tier 1 account is covered under EET (Exempt Exempt Taxed) regime

  • Budget 2017: Annuities sold by insurers should get better tax treatment Jan 30, 2017 02:46 PM IST

    Budget 2017: Annuities sold by insurers should get better tax treatment

    Annuity received out of maturity of pension fund under the pension or annuity policy should be exempt from tax under Section 10(10A). Annuity purchased after maturity of pension policies of life insurance companies should be exempt from service tax.

  • Budget 2017: Separate exemption limit for insurance under sec 80C a must Jan 23, 2017 06:08 PM IST

    Budget 2017: Separate exemption limit for insurance under sec 80C a must

    With the social fabric of the country undergoing changes, it is imperative to encourage the lower/ middle income segments to provide for their own security.

  • Budget 2016 can help India grow at 8%: Shaktikanta Das Mar 01, 2016 07:54 PM IST

    Budget 2016 can help India grow at 8%: Shaktikanta Das

    Talking about the Krishi Kalyan Cess, which loosely put means an increase in service tax, Economics Affairs secretary Shaktikanta Das says it was done because the government needed more resources to spend on infrastructure

  • Budget 2016: Un-tax my insurance, requests the average insurance buyer Feb 12, 2016 10:59 AM IST

    Budget 2016: Un-tax my insurance, requests the average insurance buyer

    Insurance products are surrounded by service tax and income tax, which should not be the case.

  • Aim to award 10,000 kms of road projects this fiscal: NHAI Jun 22, 2015 10:22 AM IST

    Aim to award 10,000 kms of road projects this fiscal: NHAI

    Suresh said few orders have not been awarded this quarter so far, and that response to Build-Operate-Transfer (BOT) projects from road construction firms has been tepid

  • Is annuity under reverse mortgage tax exempt now? Nov 11, 2013 02:52 PM IST

    Is annuity under reverse mortgage tax exempt now?

    According to Balwant Jain, it is possible that the government might have intended to exempt the annuity from income tax act, but the notification does not seem to be translating this intention into action

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